Allworth Financial LP Acquires 24,716 Shares of JPMorgan Equity Premium Income ETF $JEPI

Allworth Financial LP lifted its holdings in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 2.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,168,644 shares of the company’s stock after purchasing an additional 24,716 shares during the period. Allworth Financial LP owned about 0.16% of JPMorgan Equity Premium Income ETF worth $66,730,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JEPI. Hamilton Capital LLC bought a new position in JPMorgan Equity Premium Income ETF during the second quarter valued at about $72,373,000. RiverFront Investment Group LLC raised its position in JPMorgan Equity Premium Income ETF by 42.1% in the second quarter. RiverFront Investment Group LLC now owns 2,903,847 shares of the company’s stock worth $165,084,000 after acquiring an additional 859,879 shares during the period. Tcfg Wealth Management LLC boosted its stake in JPMorgan Equity Premium Income ETF by 3,843.5% in the third quarter. Tcfg Wealth Management LLC now owns 831,833 shares of the company’s stock valued at $47,498,000 after acquiring an additional 810,739 shares during the last quarter. Bank of America Corp DE grew its position in shares of JPMorgan Equity Premium Income ETF by 2.1% during the 2nd quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock valued at $1,897,209,000 after acquiring an additional 690,960 shares during the period. Finally, Raymond James Financial Inc. grew its position in shares of JPMorgan Equity Premium Income ETF by 9.9% during the 2nd quarter. Raymond James Financial Inc. now owns 7,072,179 shares of the company’s stock valued at $402,053,000 after acquiring an additional 636,586 shares during the period.

JPMorgan Equity Premium Income ETF Stock Down 1.6%

Shares of JEPI stock opened at $56.77 on Thursday. The firm has a market cap of $41.84 billion, a P/E ratio of 23.93 and a beta of 0.60. The company has a 50 day moving average of $58.58 and a 200-day moving average of $57.61. JPMorgan Equity Premium Income ETF has a 12-month low of $49.94 and a 12-month high of $59.90.

JPMorgan Equity Premium Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.3513 per share. This represents a c) annualized dividend and a yield of 7.4%. This is a positive change from JPMorgan Equity Premium Income ETF’s previous monthly dividend of $0.34. The ex-dividend date of this dividend was Monday, March 2nd.

JPMorgan Equity Premium Income ETF Company Profile

The JPMorgan Equity Premium Income ETF (JEPI) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively-managed fund that invests in large-cap US stocks and equity-linked notes (ELNs). It seeks to provide similar returns as the S&P 500 Index with lower volatility and monthly income. JEPI was launched on May 20, 2020 and is managed by JPMorgan.